Partnering with a software development company affords businesses the flexibility and responsiveness necessary to remain competitive in today’s fast-paced, constantly changing software product development market. What used to involve years-long project and development cycles can now be delivered in a fast, cost-efficient manner. For many companies, outsourced product development just makes sense.

Here are four reasons why co-developing software product development makes sense for many businesses.

Cost Savings
The cost of maintaining a full IT staff dedicated to software product development is prohibitive. When you factor in the salaries, benefits, hiring and training processes, it’s easy to see why many organizations seek alternatives in the form of out-sourced development work. By relying on outsourced talent for development, companies can maintain the bare minimum of IT staff necessary to support, implement and guide the software products.

Shorter Development Cycles
Outsourced developers often have the resources and skills necessary to meet the aggressive time constraints of individual projects. They have the ability to staff-up with the right skilled developers to meet the demand. Not only does this shorter time to market present a competitive advantage for companies, but it also allows them to be more responsive to existing customer needs. Promises for enhancements and new features can be delivered sooner.

Different times zones can also be a plus for productivity. Take for example the opportunity to develop during the day and test code at night. Or struggling to find more hours in the day that overlap, there is a chance to leverage teams in hat work in nearby time zones.

Quickly find the Skills Needed
As referenced earlier, outsourced product development companies have larger numbers of skilled developers than can be cost-effectively maintained in-house. The flexibility of being able to plug in different skills sets as the project demands becomes a boon to productivity and cost-savings. No longer do companies face the dreaded “switching costs” associated with getting staff trained on new technology and up to speed with the right development skills.

Sustainability and Flexibility
A companies ability to regularly bring updated, responsive software to market in a short time frame keeps it ahead, or in step, with the competition. The strategic strengths and sustainable development cycles mean the company will remain in a flexible and market-ready position for years to come. Co-developing software product development provides a strategic advantage.

A software development company can also seamlessly switch from a waterfall development approach to an agile, iterative based product development life cycle. Agile has proven to deliver the better results for customers.

Software development companies need their software product development cycles to be shorter and cost-effective while simultaneously providing the flexibility and responsiveness necessary to get to the top of the market. The costs associated with maintaining a large IT staff can hinder the profitability of many companies. Couple that with quickly out-dated skills sets and long project timelines and it’s easy to see why many organizations have turned to outsourced product development.